Assalamualaikum w.b.t.,

Hidup di dunia yang sementara ini banyak mengabui mata kita tentang matlamat kehidupan yang sebenarnya. Kita semakin terdesak dengan himpitan kehidupan dan berlumba-lumba untuk mencari kehidupan yang lazimnya lebih menampakkan keduniaa semata-mata.
Apakah ada di antara pelaburan yang semakin hari semakin kurang diberikan tumpuan? Namun, apakah kita menidakkan keperluan yang perlu kita sediakan di dunia bagi persediaan akhirat? Bagaimanakah pula pelaburan di dunia yang wajar dilakukan untuk persediaan akhirat kita? Wajar rasanya kita sama-sama bincangkan dan jadikan maklumat bersama ini sebagai panduan kita merentasi dunia untuk menempah tempat yang selesa di akhirat kelak, insyaallah.

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Pemberitahuan: Semua maklumat di blog ini adalah pandangan peribadi melainkan dinyatakan sebaliknya. Sila rujuk kepada institusi atau badan yang berkaitan untuk maklumat lebih lanjut. Sebarang rujukan dari blog ini adalah risiko sendiri.Pengarang tidak bertanggungjawab di atas sebarang masalah yang timbul disebabkan oleh bahan diblog ini.

Sunday, June 27, 2010

OSK 50 Small Cap Jewels 2010??

Let see, how these small cap progressing... make ur own homework....

OSK announced 50 Jewels 2010 few days ago. These 50 are small capital companies with more than 1.5 billion capital, raise from 1 billion capital from previous year. These companies are expected to grow and give 5 to 15 percent return in 2010. Below are OSK top 10 picks.
 osk top 10 small-cap 2010

credit via business time

Besides these 10 top picks, there are still 40 more stocks selected  by OSK which expect to perform well in 2010. Below are OSK 50 jewels in 2010.

OSK 50 JEWELS 2010
12. ENG 37. NTPM
18. HAIO 43. QL
22. HSL 47. SUNWAY
OSK see good prospect in healthcare, banking and consumer.  I preferably like small cap because they have much more space to grow and expand.

Friday, June 25, 2010

Rancangan Malaysia Ke-10 dan "New Economic Model"?

35. We must intensify efforts to fully leverage on the potential of sectors in which
we have the advantage, including the services sector. To date, the contribution of
the services sector to GDP is 58% and has the potential to be developed further.
Thus, we have to focus on niche areas with potential and move up the value chain
as well as generate higher returns. The areas include tourism, information
technology and communication (ICT), finance and Islamic banking, halal and green
technology industries.

54. Green technology has the potential to become an important sector in
economic development. Towards this, the Government launched the National
Green Technology Policy in August. The objective of the policy is to provide
direction towards management of sustainable environment. To further promote the
development of green technology activities, the Government will:
First: Restructure the Malaysia Energy Centre as the National Green
Technology Centre tasked with formulating a green technology
development action plan. This Centre will function as the focal point to
set standards and promote green technology. To intensify green
awareness activities and practise environment-friendly lifestyle, an
allocation of RM20 million will be provided;
Second: Organise an international exhibition on green technology in April 2010.
The exhibition is expected to attract internationally renowned
companies and experts in green technology;
Third: Develop Putrajaya and Cyberjaya as pioneer townships in Green
Technology, as a showcase for the development of other townships;

Fourth: Give priority to environment-friendly products and services that comply
with green technology standards in Government procurement.
55. To promote green technology, the Government will establish a fund
amounting to RM1.5 billion. This fund will provide soft loans to companies that
supply and utilise green technology. For suppliers, the maximum financing is RM50
million and for consumer companies RM10 million. The Government will bear 2% of
the total interest rate. In addition, the Government will provide a guarantee of 60%
on the financing amount, with the remaining 40% by banking institutions. Loan
applications can be made through the National Green Technology Centre. This
scheme will commence on 1 January 2010 and is expected to benefit 140
Promoting Construction of Green Buildings
56. To expand the use of green technology, the Government launched the Green
Building Index (GBI) on 21 May 2009. GBI is a green rating index on
environmentally friendly buildings. Green buildings save utility costs and preserve
the quality of the environment. To promote green technology, the Government
proposes that:
First: Building owners obtaining GBI Certificates from 24 October 2009 until
31 December 2014 be given income tax exemption equivalent to the
additional capital expenditure in obtaining such Certificates; and
Second: Buyers purchasing buildings with GBI Certificates from developers be
given stamp duty exemption on instruments of transfer of ownership.
The exemption amount is equivalent to the additional cost incurred in
obtaining the GBI Certificates. This exemption is given to buyers who
execute sales and purchase agreements from 24 October 2009 until
31 December 2014.

"new economic model based on innovation, creativity and high-value added activities."

Budget focuses on three strategies, namely:

First: Driving the Nation towards a High-Income Economy;

Second: Ensuring Holistic and Sustainable Development; and
Third: Focusing on Well-being of the Rakyat.

???????????? How??????. Do new economic model means higher house hold income with worst living condition when all common house hold goods or requirement increase sky rocket  high??? Nowdays with so called "subsidy included", living also not easy. How if so called "subsidy excluded"? What mean by subsidy then? I believed, its mean living with optimal tax pay. For no more subsidy means, more tax will be introduced in your day life.

Sunday, June 13, 2010

At the crossroads

10MP Illussion???

Thestar: Saturday June 12, 2010


Will the 10th Malaysia Plan put us on track to high income status?
ON paper, it seems promising. But will it fall short on execution?
That question may seem like a cynic’s oft-quoted critique, but it resonates with the sentiments of the general Malaysian populace who were over the week given large doses of information on how the Government plans to steer the country towards a high income nation. All of that – and some – were encapsulated in the 420-page 10th Malaysia Plan.
For starters, the broad plan sets a target growth rate of 6% per annum over the span of 2011-2015 to bring the country closer to its aspiration to turn into a high income nation by 2020. The Government will fork out some RM230bil on development, just as it did in the Ninth Malaysia Plan (9MP).
Prime Minister Datuk Seri Najib Tun Razak tabling the 10th Malaysia Plan in parliament on Wednesday.
Essentially, it echoes the salient targets of the New Economic Model that was revealed in March as well as transformation efforts under the Government’s Transformation Programme.
Views seem mixed; while some economists opine that the growth target may be ambitious, others say it’s achievable but the Government needs to pull out all the stops to get there.
“10MP makes the right soundbytes,” says Maybank IB Research. But “the market wants to see action,” says Citigroup, referring to past delays and false starts in project and policy implementation.

The main approach
A higher sum of money will be devoted to soft infrastructure (40%) such as skills training and human capital development in contrast to hard infrastructure (60%) such as roads, power stations and ports. That marks a shift from the past plans and is very much in keeping with the main thrust of the 10MP – change.
Second Finance Minister Tan Sri Nor Mohamed Yakcop elaborates: “The world has changed and countries have become more liberalised and we have to get the 10MP right to get to Vision 2020. We want to be driven by productivity and innovation and no longer by factor accumulation.’’
Tan Sri Nor Mohamed Yakcop ... ‘Progress is going to come from skills.’
No doubt. There’s wide room for improvement in this area. The number of people getting technical and vocational knowledge in more developed nations far outweighs those in Malaysia. Toss in the fact that presently, over 77% of secondary school leavers are entering the workforce armed with merely SPM qualification and the push to get this plan on high gear becomes imperative.
“We don’t need more brick and mortar. Progress is going to come from skills and now is the time to do it,’’ says Nor Mohamed.
The plan further expounds the Government’s repeated calls for the private sector to take the driver’s seat to build the economy. Towards this end, the Government is looking for businesses to invest some RM115bil a year to achieve a growth rate of 12.8% per year in private investment as opposed to a paltry 2% in the 9MP.
In line with this, the Government will gradually scale back its pump priming strategy whereby in 2015, it intends to slash the deficit to 2.8% of GDP from a projected 5.3% in 2010.
Apart from the ambitious target of private investments to pick up speed dramatically, the plan also sees household spending growing by 7.7% per annum, much more than it has been. There are concerns if this can happen given the debt levels of households.
Do people have the appetite to take on more debt? Is it wise to expect a rising spend policy when subsidies are expected to be slashed leading to higher inflation?

Aspiration vs achievement
Some will argue that the plan repackaged many of the previous objectives. One example is efforts to improve human capital levels which have been spelt out in the past.
“We need a transformation in the planning approach. There must be a major change,’’ says economist Datuk Dr Zainal Aznam Yusof.
He argues that economies are getting lighter on their feet and reacting faster than they did 40 or 50 years ago.
“It must be beyond a rolling plan and there must be continuous planning and we should not wait for the mid-term review to change things,’’ he says.
A more nimble approach in planning is painfully obvious based on the aspirations of the past five-year plans and its actual achievements.
The past 10 years has seen Malaysia traverse a bumpy path – two recessions and a world that has grown smaller on the back of globalisation which also makes it more vulnerable to external factors. Understandably, it would be difficult to take into consideration economic cycles when formulating policies as rarely, downside risks are taken into account when setting targets.
Suffice to say that many key indicators set have not met their mark not just in the 9MP, but also in the previous two plans.
In fact, among the major economic targets contained in the 9MP, the only one that was met was inflation.
In comparison, key targets such as GDP growth, private investment, exports and consumption, both public and private, were pleasantly surpassed in the Fifth and Sixth Malaysia Plans. Noteworthy is that these two plans – between 1986 and 1995 – were unveiled when Malaysia was being transformed into a manufacturing-led economy and when foreign investors viewed Malaysia as a darling investment destination in Asia.
On the other hand, the last three plans coincided with the Asian Financial Crisis and the financial sector crisis in the United States and Europe that plunged the world into a recession. But analysts say the culprits could also be private sector withdrawal and weak implementation.
The private path
A central feature of the 10MP is to crank up private spending but as history has proven, that is no walk in the park.
“The private sector has lost dynamism, with private investment languishing due to external and internal constraints,’’ says CIMB Research head of economics Lee Heng Guie in a recent report.
The constraints include the weak government bureaucracy where approvals take far too long and that the private sector is being crowded out by government linked companies (GLCs).
Zainal says that to have more effective implementation, what is needed is a more realistic and forceful approach, akin to what is being done in Singapore. While consultation and engaging the public on key policies are fine, it ought to be employed with discretion. Otherwise, it could come at a cost. “What you will lose is leadership strength in the timeliness and aggressiveness in implementation,’’ he cautions.
To address the infamous red tape and bureaucracy and government hindrance to private investment, several measures have already been put in motion.
Pemudah and Pemandu are two government agencies that have been entrusted in bringing about on-the-ground change that is needed for Malaysia to remain competitive in the world.
And progress has been made.
Via Pemudah, the time taken for a number of government services have been cut. It now takes three days to start a business compared with 11 previously.
A vast improvement has also been made in registering standard property titles and getting tax refunds but there is a lot more left to be done before the country can meet its aim of breaking into the top 10 in the World Bank’s Doing Business survey where Malaysia was ranked 23rd in the 2010 report.
Improving approval process is one step. Eventually, it still boils down to wooing domestic businesses and foreigners to invest more in the country.
Centre for Public Policy Studies chairman Tan Sri Ramon Navaratnam says it will be difficult for the Government to see private investments grow by 12.8% a year during the duration of the plan.
“How do you do it when there is really nothing attractive enough to attract FDI in a significant quantity and to prevent domestic investments from going abroad to more attractive pastures?’’ he asks.
He feels that unless there is change to the policy of allocating 30% of wealth to just one race, corruption eradicated and a more merit-based and liberal environment promoted, the task is difficult if not impossible.
“There must be a holistic improvement to the environment,’’ he says.

Backing the sector
The concept of the Public Private Partnership would be backed with a RM20bil facilitation fund and this is seen as a major kicker in getting the private sector to open up their wallets.
Nor says the Government would give private companies a grant of up to 10% of the cost of the project.
“The rules are simple and the Government will give a cheque,’’ he says.
The Facilitation Fund is expected to attract private sector investments worth RM200bil during the 10MP.
“If those are government initiated projects, then it is pretty much government driven. But the private sector will bite into the money made available and take advantage of the facilitation fund,’’ says an economist from RHB.
Other measures proposed is a timely focus on SMEs and trying to get their contribution to GDP up to a level enjoyed by other more developed countries. To do so, funding and market access issues would have to be ironed out.
Malaysian Investment Development Authority (Mida) would also be reformed to make it more effective as a one-stop centre in bringing in FDI into the country.
On its part, the Government has proposed to establish a Talent Corp to inject more professionalism and capability into the service.
Even so, at this point, sweet talking the Malaysian diaspora into coming back to Malaysia and keeping the next wave of talent from moving abroad to greener pastures is a mountain of a challenge as the brain drain over the years has built up tremendous momentum.

Much of the same?
The 10MP contained excerpts of what the proposed New Economic Model but not the more controversial changes proposed, such as the doing away with affirmative action and cutting foreign labour, and that took some by surprise.
The current 30% bumiputra equity ownership remains one of the key thrusts of government policy and while the equity number stands, the Government has broadened it to non-financial indicators such as professional employment and real estate ownership.
The Government felt there was a need to transform the bumiputra development agenda to enhance participation among competitive and resilient bumiputra companies.
Such an approach will be based on four key principles – market-friendly, needs-based, merit-based and transparency.
“I am encouraged by some of the announcements and confused by others. Are they going to have quotas for employment and properties?’’ asks Navaratnam.
Whether that would deter foreigners or even domestic investors from investing into the country is up in the air but while the Government spoke about maintaining affirmative action, it also sent a strong signal that it was moving ahead with its international obligations to liberalise more sectors of the economy, especially in the growing and important services sector by 2015.
Liberalisation will bring about more competition and allow companies to benefit and prosper in a more open business atmosphere. In addition, the Government will enact the Competition Act next year.
“That’s a good development but at the moment many people are unaware of what the Competition Act will do,’’ says an analyst.
He feels once the ramifications of the Act is assessed, there could very well be lobbyists who might put pressure on the Government to repeal or change the legislation.
The changes to the bankruptcy law is lauded as it will encourage risk taking among entrepreneurs, which is essential, especially in the high-tech businesses, in building a more dynamic business community.
“Banks will have to be more cautious and they will eventually have to learn to price in such new risk elements,’’ he says.
That, coupled with the removal of distorted price controls and subsidies should help improve the competitiveness of the economy.
The leeway for mistakes is getting slim. There is just 10 short years that stand between now and the time the country achieves its big objective of becoming a high-income nation. Considerable work needs to be done.
CIMB Research sums up the task ahead pretty well.
“If the reform programmes and high-impact projects under the 10MP are properly executed, it will be positive for both the economy and the capital market in the short-to-medium term. But if the reform moves are stalled and implementation of the planned projects and programmes is delayed, it could hamper growth and investment prospects,’’ it says.
The broker says there should be more openness in government expenditure including significant acceleration of enforcement and prosecution for misappropriation and mismanagement of resources within the Government.
It points out that expenditure leakage and wastage is a pervasive problem and has an impact on the overall economy.
“Unless the Government means business, this is our last chance,’’ says Navaratnam.

Sunday, June 6, 2010

Budget for higher cost of living? Subsidy phase cut? Government Defisit Again?

What is going on with government budget and spending? What cause defisit? To reduce impact to government servant, lets revise again government salary make it more higher. It is showed that only 3 million pay tax from 11million workers, strange isn't it?

To get more money forgovernment the best way to do are:

i) create more tax such gst, married tax, child tax and etc..

ii) currently government servant more than 70% from their income excluded from tax, compare to private workers only 10%-20%. To get more tax pay, government servant shouldn't pay any income tax and make public servant paid income tax 100% from their income without any rebate or etc.

iii) all basic amenities such medication, education, security and etc provide free to public servant and private workers must pay without any subsidy provided.

iv) increase water and electricity tariff; and petrol/gas must be higher at least equivalent  to singapore rate. To ease government servant, new allowance must be introduced such petrol/tariff allowance.


Thestar: Saturday June 5, 2010


IT’S going to happen whether we like it or not. So, best to prepare ourselves mentally and financially to face higher prices of goods and services when subsidies are gradually cut.
Last week, Minister in the Prime Minister’s Department Datuk Seri Idris Jala says the subsidies will have to go due to the Government’s widening budget deficit, currently a record RM49bil.
Mike Lee ... ‘Most people don’t have a budget so they tend to overspend’
While he says the phased cuts over five years will not result in inflation going over 4% per year, the vast majority of people will still have to make some adjustments, both in their lifestyles and their investment decisions.
Concerns have also been voiced over how people will be able to cope with the rising cost of living since the average per capita income is around RM22,750 per annum.
The “phased cuts” will still put pressure on most people’s wages, which many feel are already low and will include a broadly defined middle-class.
The relatively low wages can be inferred from two sources – Employees Provident Fund (EPF) records, which shows that 70% of the fund’s 5.79 million active members as of past March have enough savings for a maximum of 10 years only.
According to the records, there were only 7,464 members as of the end of last year who have more than RM1mil in their EPF accounts.
The second source is the tax base, only three million out of an estimated 11 million workers pay taxes, meaning the rest do not earn enough to pay tax.
When faced with higher costs of living and lower incomes, a budget becomes ever more important but financial planners say most people either do not have a budget or only have the vaguest idea of how much disposable income they have for spending.
“It all boils down to having a budget but what’s of concern is that most people don’t have a budget so they tend to overspend,” CTLA Financial Planners Sdn Bhd managing director Mike Lee tells StarBizWeek.
They also recommend people diversify their income in order to ensure some security in their retirement plans. This is also the advise of EPF’s public relations general manager Nik Affendi Jaafar.
He says in a recent interview with Mingguan mStar that members should diversify their savings as what is in their EPF accounts will not be enough for their retirement assuming they live another 20 years after retirement at 55.
“We advise our members to diversify their income and not depend on their EPF savings for their retirement,” Nik Affendi adds.
Lee says the first rule of a budget is savings. “One must always save first after taking into account income tax, EPF and social security payments,” he says.
Lee recommends reviewing the budget every quarter and as a general rule of thumb, to save 15% to 20% of net income before allocating for other spending.
When it comes to making financial arrangements for investments, the same principle applies – “It will have to be adjusted according to the budget,” says Lee.
For those who have a regular income or who are still working, the impact will not be significant since the subsidy cuts will be gradual.
“The hardest hit will be retirees as they’ll have no choice but to make lifestyle changes,” Lee says.
Meanwhile MyFP Services Sdn Bhd principal consultant Robert Foo suggests that people to sit down and plan their budget, especially those with young families and have future financial commitments such as children’s education and so forth.
Robert Foo ... ‘Families can hire professionals to advise them’
“They should sit down and plan. Otherwise they can hire professionals to advise them,” he says.
Foo says the multiplier effect on the cost of living from the increase of petrol and electricity (the most common inputs in costing) should be seen from a long-term perspective.
The Government, according to Jala, plans to increase petrol price by 10 sen to 15 sen by mid-year and thereafter an increase of 10 sen every six months until 2014 and reduce subsidies for gas, which will then increase electricity tariffs.
“Don’t just plan for the next six months. Know your financial situation – that’s the secret to coping with the long-term rise in the cost of living,” Foo says.
He adds that people must have a “wealth mentality” instead of a “cashflow mentality” where managing finances and investing is concerned.
“You cannot control cost of living but you can control income flow by diversifying it,” Foo says, adding that when planning long-term, higher cost of living is always taken into consideration.